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5:51Now PlayingTrump’s family crypto company, World Liberty Financial, is seeking a federal bank charter from the OCC, the agency now led by a Trump-appointed regulator. A Trump entity reportedly owns most of the company and is entitled to most of its revenue, while the family’s crypto ventures have pulled in billions as ordinary investors have lost heavily on Trump-linked crypto products. Add in foreign money tied to the UAE, later chip approvals, and a faster, weakened bank-charter process, and the picture is ugly: the president’s private cash machine may soon carry the implicit blessing of the federal government. Ring of Fire's Josh G. explains.
Vox, "Trump's plan to run a bank" (podcast),
NOTUS, "Trump's Family Crypto Firm Is Expected to Get Federal Banking Privileges,"
Reuters, "Under the Trump crypto playbook, the family always wins. Investors don't,"
Reuters, "Parsing the Trumps' crypto profits, investors' losses,"
Wall Street Journal, "Spy Sheikh Bought Secret Stake in Trump Company,"
U.S. Senate Banking Committee (Sen. Warren), statement on OCC review of World Liberty Financial charter,
Sen. Warren / Sen. Murphy, ethics inquiry related to Witkoff and UAE/World Liberty Financial,
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